GM Stock Offers a Quick 10% Upside, Maybe More

General Motors is getting beat up in the newspapers and Washington, but the stock is prime for a lot of sweet love in the options market.

Investors should treat General Motor's (ticker: GM) recall of 1.6 million autos with faulty ignitions and a pending congressional hearing as an opportunity to make money off a short-term event that will pass.

GM options premiums have been pushed higher by a triple whammy: the news cycle,...